[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Dec 5):
CapitaLand Ascott Trust (Clas), Sheng Siong Group : The hospitality player and supermarket chain operator, respectively, will join the Straits Times Index’s (STI) reserve list after the December quarterly review. These two counters will replace Olam Group and Yangzijiang Financial on the list, said the Singapore Exchange on Thursday. No changes to STI constituents will be made after this review. Stapled securities of Clas closed flat at S$0.94 on Thursday, while shares of Sheng Siong closed at S$2.62, down S$0.02 or 0.8 per cent.
Sunpower Group : The company said on Thursday that it will acquire stakes in two Chinese power projects. Its wholly owned subsidiary, Sunpower International Holding (Singapore), will buy a 15 per cent interest in Jining Xinneng Thermal Power for about 30.2 million yuan (S$5.5 million). Another subsidiary, Jiangsu Sunpower Clean Energy, which owns a 90 per cent stake in Changshu Suyuan Thermal Power, agreed to buy the remaining 10 per cent from Jiangsu Geqiu Environmental Technology for 16.8 million yuan. The counter closed at S$0.525 on Thursday, down S$0.005 or 0.9 per cent.
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